The U.S. Commerce Department released June retail sales figures on Thursday that beat estimates, soaring 7.5% after an 18.2% jump in May, the biggest gain ever. Ten of 13 major retail categories showed a pickup last month At the same time, sales at grocery stores decreased 1.6%.However, some backpedaling in states affected by a pickup in virus cases will inevitably spur another wave ofAlso, the one-time stimulus checks and the extra $600 in weekly unemployment benefits that have effectively cushioned incomes amid widespreadPurchases at auto and parts dealers also posted a robust gain of 8.2%. But the American consumer is surprisingly resilient. Retail sales in the US surged 7.5% month-over-month in June of 2020, following an upwardly revised record 18.2% rise in May. U.S. retail sales exceeded forecasts in June for a second straight month as more businesses reopened and expanded jobless benefits padded the wallets of the unemployed.

“But while today’s report gives the illusion of a fearless consumer spending lavishly, the reality is more sobering: consumers are increasingly fearful amid new spikes in Covid-19 cases and a looming fiscal cliff.”Equity futures fell, the dollar remained higher and the yield on the 10-year Treasury note eased as investors parsed the spending and labor data.The retail sales report showed 10 of 13 major categories increased, reflecting solid gains in furniture, electronics and appliances, clothing and sporting goods.

Still, she acknowledged that she was nervous about the prospect of another shutdown.Ms. Walmart, the nation’s biggest retailer, joined chains like Best Buy and Starbucks this week Still, Americans spent more last month than they did in June 2019, even as unemployment reached levels not seen since the Great Depression, cities were roiled by civil unrest and the threat of the virus loomed across the country. The June retail sales report showed a 27 percent jump in the category of sporting goods, hobby, musical instruments and bookstores, which rose even compared with June … Even in the aftermath of the financial crisis in early 2009, the highest weekly figure for new claims was 665,000.“It’s shocking,” said Mickey Chadha, a senior credit officer at Moody’s Investor Service. “Big malls may be going away, but this is not, as long as a small business is investing in technology and experience,” Ms. Searfoss said. Retail sales increased 7.5 percent, but there are ominous signs that the rebound may fizzle as coronavirus cases rise through much of the country.The American consumer came back last month, with retail sales increasing 7.5 percent from May as stores reopened in warm weather, shoppers shook off lockdown fatigue and the federal government pumped trillions of dollars of stimulus into the economy.The jump, which sent spending back to just below where it was in February before the coronavirus pandemic sent the country into a tailspin, seemed to be cause for celebration after a record rebound in May.“I feel like the consumers are just fed up,” said Andrew Moquin, who reopened his jewelry store outside Buffalo early last month. But the pandemic has altered which businesses are receiving that money, and the monthly sales report doesn’t fully reflect the huge shifts in how and where Americans have been shopping since the pandemic took hold.The divide has grown between retailers considered “essential” and those deemed “nonessential,” and temporary closures delivered a severe blow to many large apparel chains, department stores “It’s a completely unevenly distributed set of numbers,” said Sucharita Kodali, a retail analyst at Forrester Research. Apple, one of the most prominent retailers, said it closed about 100 U.S. stores for a second time in recent weeks. And there are already ominous signs throughout the broader economy that the rebound may fizzle, as stimulus money, unemployment benefits and tax refunds fade away and the virus continues to spread.

She had made plans earlier this year to expand to Darien, Conn., in time to capitalize on excitement around the Olympics, the New York City Marathon and the high school cross country season.“All that stuff went away,” she said.

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